Looking to diversify beyond GSGDX? The mutual funds below have historically moved differently from GSGDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GSGDX
2 mutual funds have low correlation with GSGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) (Foreign Large Cap Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.22 | 0.26 | 0.22 | 61 | Foreign Large Cap Equities | GSGDX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.22 | 0.26 | 0.22 | 61 | Foreign Large Cap Equities | GSGDX vs GSINX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.39 | 0.29 | 0.26 | 77 | Large Cap Blend Equities | GSGDX vs GSPKX | |
| Miller Intermediate Bond Fund | 0.43 | 0.36 | 0.33 | 95 | Corporate Bonds | GSGDX vs MIFIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.44 | 0.38 | 0.32 | 74 | Foreign Small & Mid Cap Equities | GSGDX vs GICIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSGDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NovoCure Limited (NVCR) (Healthcare) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NovoCure Limited | 0.24 | 0.18 | 0.17 | 63 | Healthcare |
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